UK, India launch plan to connect world’s power grids at climate summit

LONDON: Britain and India launched a plan on Tuesday to enhance connections between the world’s electrical energy energy grids to assist speed up the world’s transition to greener vitality.
Launched on the COP26 local weather talks in Scotland, the plan, dubbed the “Inexperienced Grids Initiative – One Solar One World One Grid”, was backed by greater than 80 international locations, the British authorities mentioned in a press release.
The initiative goals to make renewable vitality essentially the most reasonably priced and dependable choice for all international locations by 2030 and was an vital contribution to the world’s objective of capping world warming at 1.5 levels Celsius above pre-industrial norms.
“If the world has to maneuver to a clear and inexperienced future, these interconnected transnational grids are going to be important options,” Prime Minister Narendra Modi mentioned in a press release.
The plan kinds a key a part of a broader plan to hurry up the roll out of reasonably priced ‘inexperienced’ know-how, protecting greater than 70% of the worldwide financial system and the ‘Breakthrough Agenda’.
Asserting the primary 5 objectives of the plan, dubbed the ‘Glasgow Breakthroughs’, British Prime Minister Boris Johnson flagged high-level targets to push clear energy, zero emissions autos, near-zero emission metal, low-carbon hydrogen and climate-resilient agriculture.
“By making clear know-how essentially the most reasonably priced, accessible and enticing selection, the default go-to in what are at the moment essentially the most polluting sectors, we are able to reduce emissions proper all over the world,” Johnson mentioned.
Amongst different plans to be introduced, the World Vitality Alliance for Individuals & Planet was launched with an preliminary $10 billion from philanthropies and growth banks to help the vitality transition within the World South.
The USA and the United Arab Emirates, in the meantime, launched AIM4C, to drive innovation in sustainable agriculture, backed by $4 billion in further funding.
To assist reduce down the price of clear know-how and create markets in all the things from inexperienced hydrogen and sustainable aviation gas, the Breakthrough Vitality Catalyst programme will purpose to boost $30 billion, the assertion mentioned.